Bakery Products Market Size, Share, Growth Analysis, By Product type(Breads, cakes & pastries, cookies, and others), By Distribution channel (Supermarkets/hypermarkets, convenience stores, specialty stores, and others), By Region - Industry Forecast 2024-2031

Europe holds the largest revenue share in the global bakery products market, and is also expected to be the second fastest-regional market with respect to the increasing demand for bakery products including high-fiber, gluten-free, and trans-fat products. The developed markets of Western Europe are matured and saturated in terms of bakery products, and the markets of Eastern Europe commonly focus on the sales of biscuits and bread due to the high demand for convenient food products. The European market is well-established in terms of the supply chain, product array, distribution channels, and consumer preferences for bakery products. The new product development enhances the taste and preference with innovations in cakes, pastries, and cookies section, because these products hold the potential for higher sales attributing to the growth for instant and nutritious baked products.

The fastest growing region in terms of bakery products would be Asia pacific during the forecast timeline because of the presence of major companies in emerging countries like India, China, Singapore, and Japan coupled with the growing population and per-capita income levels which will bring more business opportunities. Breakfast grains and cereals are a preferable choice in most countries like China and India, which will also boost the market.

The United States drives the North America regional market in bakery products on the account of the high consumption of cakes, pastries, and breads. Mexico is the fastest growing country in the region on bakery products.